1. Miami Beach Convention Center renovation and expansion completes (BD+C)
"The project was designed with the goal of making Miami Beach Convention Center the most technologically-advanced center in the U.S. and to provide upgraded show needs and increase the potential for the city to market the center on an international basis. Achieving this goal involved complex renovations and replacements of virtually all the building’s electrical and mechanical operating systems."
2. Majority of contractors fear long-term business implications of COVID-19, according to Construction Executive survey (ABC)
"While many contractors have not yet seen drastic impacts to their business, as construction was in many areas considered an “essential” service, the long-term implications are concerning. Seventy percent of contractors did not expect the construction industry to stabilize until at least 2021, while an additional 10.4% say they believe it may never reach pre-pandemic levels."
3. Guidance offered for K-12 schools to support students with asthma (BD+C)
"The Center identified four primary categories where environmentally healthy purchasing can help reduce irritants and allergens that contribute to asthma. The guidance addresses cleaning products, filters, furniture, rugs, and markers and paints."
4. Hotter than ever, construction tech still has plenty of flaws, experts say (Bisnow)
"Building information modeling, or BIM, and other construction technologies have only grown in importance to developers, architects and contractors amid the coronavirus pandemic. But the construction industry's adoption of new construction tech isn't without its speed bumps, panelists said during Bisnow's BIM and future of construction and development webinar."
5. JPMorgan targets $700 million for residential-development fund (Bloomberg via National Real Estate Investor)
"The fund will seek to deliver annual returns of 13 to 15 percent after fees by developing single-family and multifamily rentals outside gateway markets."
Related Stories
Market Data | Oct 26, 2018
Nonresidential fixed investment returns to earth in Q3
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
Market Data | Oct 24, 2018
Architecture firm billings slow but remain positive in September
Billings growth slows but is stable across sectors.
Market Data | Oct 19, 2018
New York’s five-year construction spending boom could be slowing over the next two years
Nonresidential building could still add more than 90 million sf through 2020.
Market Data | Oct 8, 2018
Global construction set to rise to US$12.9 trillion by 2022, driven by Asia Pacific, Africa and the Middle East
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.
Market Data | Sep 25, 2018
Contractors remain upbeat in Q2, according to ABC’s latest Construction Confidence Index
More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.
Market Data | Sep 24, 2018
Hotel construction pipeline reaches record highs
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
Market Data | Sep 21, 2018
JLL fit out report portrays a hot but tenant-favorable office market
This year’s analysis draws from 2,800 projects.
Market Data | Sep 21, 2018
Mid-year forecast: No end in sight for growth cycle
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction spending in 2018.
Market Data | Sep 19, 2018
August architecture firm billings rebound as building investment spurt continues
Southern region, multifamily residential sector lead growth.
Market Data | Sep 18, 2018
Altus Group report reveals shifts in trade policy, technology, and financing are disrupting global real estate development industry
International trade uncertainty, widespread construction skills shortage creating perfect storm for escalating project costs; property development leaders split on potential impact of emerging technologies.
